February 2020

Canadian Retail Sales (December 2019)

Posted on Feb 22, 2020 in Economics

Canada Retail Sales - December 2019Seasonally-adjusted Canadian retail sales were unchanged in December at $51.6 billion, after rising 1.1% in November. Higher sales at building material and garden equipment stores, and at food and beverage stores more than offset lower sales at auto dealers and gas stations. Sales were up in 7 of 11 sub-sectors, representing 49% of retail sales.

Re...

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Canadian Inflation Rates (January 2020)

Posted on Feb 19, 2020 in Economics

Vancouver Real Estate Inflation RateCanadian inflation, as measured by the Consumer Price Index (CPI) rose by 2.4 per cent in January year-over-year, following a 2.2 per cent increase in December. Excluding the impact of higher gasoline prices, national CPI rose by 2.0 per cent year-over-year. The rise in gas prices in January were largely a function of concerns over global oil suppl...

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BC Housing Markets Off to a Strong Start in 2020

Posted on Feb 13, 2020 in Market Update

MLS Residential SalesThe British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2020, an increase of 23.7 per cent from the 3,579 units sold in January 2019. The average MLS® residential price in BC was $725,370, a 9.1 per cent increase from $664,633 recorded...

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Canada Housing Starts - January 2020

Posted on Feb 10, 2020 in Economics

BC Housing Starts - January 2020Canadian housing starts increased by 8.8% m/m in January to 213,224 units at a seasonally adjusted annual rate (SAAR). The increase was led by Ontario and Quebec. The trend in national housing starts fell, averaging about 211,000 units SAAR over the past six months.

In BC, housing starts fell by 39% m/m to 26,237 units SAAR, which follows last mont...

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Canadian Employment (January)

Posted on Feb 07, 2020 in Economics

BC unemployment numbers for January 2020Another good news report on the Canadian employment front. January reported an increase of 35,000 jobs (0.2%), adding to the increase reported in the previous month. This brought the national unemployment rate down from 5.6% in December to 5.5% in January.

Regionally, increases were primarily in Quebec (19,000), Manitoba (6,500) and New Brunswick (4...

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January 2020 - Real Estate Statistics

Posted on Feb 04, 2020 in Market Update

January Vancouver Real Estate StatisticsHome sale activity up, supply down to start 2020


Home sale and price activity remained steady in Metro Vancouver to start 2020 while home listing activity declined in January.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sal...

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